New issue of the Business Performance Review journal

The Editorial Board of Business Performance Review is happy to announce that the second issue of the journal has been released. The published issue contains scholarly articles that focus on corporate governance, female directors, board roles, firm performance, business performance, robotic process automation, service companies, business process management, etc.

The first study in this issue by Paolo Tenuta and Domenico Rocco Cambrea investigates the influence of gender diversity on firm performance. Using a sample of Italian listed companies over the period (2006–2015), the study offers insights into the impact of Italian Law 120/2011 that forces listed companies to reserve a mandatory quota for female directors on boardrooms. Findings of their study indicate positive association between the percentage of female directors and superior financial performance.

The next article by Emiliano Di Carlo and Francesco Ranalli explores the influence of holdings, and sub-holdings, within business groups on the financial performance of listed subsidiaries. The study examines the potential bias inherent in empirical studies that overlook the management and coordination activities of parent companies, particularly when listed subsidiaries are directed by their parents. The major findings underscore the importance of considering the relationship between parent and subsidiary boards, the potential impact of directed transactions on financial performance, and the need for nuanced analysis when interpreting corporate governance variables.

The paper by Thomas Rautenstrauch and Simon Moser articulates key properties that adequate maturity model for robotic process automation (RPA) require in order to effectively support service companies in successfully implementing and using RPA. The study offers perspective on a maturity model for RPA to facilitate the assessment of Swiss service organizations in regard to their RPA readiness. Findings of their study have organizationally far-reaching, theoretically profound, and easily applicable tool to support the implementation or adaptation of RPA use.

This issue ends with a review of the book “Behavioral Finance and Wealth Management: Market Anomalies, Investors’ Behavior and the Role of Financial Advisors” by Enrico Maria Cervellati, Natascia Angelini, and Gian Paolo Stella. This book presents an examination of the intricate relationship between human behavior and financial decision-making, with particular regard to wealth management. According to the author of the review, Enrico Maria Cervellati, it provides valuable insights for investors, financial advisors, and anyone interested in the intersection of behavioral finance and wealth management.

The full issue of the journal is available at the following link.

We are grateful to all the scholars who have contributed to this issue, and we hope that you find this issue of the journal useful, informative and educational!